I gues we'll just have to disagree on what Mr. Limbaugh meant on February 13, 2009, as my interpretation of what he meant is just what he said:

“I'll say it again. Not only do I want Obama to fail, I want this package to fail. I want this to blow up in their face.

I hope the stimulus bill fails. I hope it does exactly what we know it will do, blow everything to smithereens and not do one thing that has been promised. Apparently, experience is the greatest teacher, and when these poor people who think Barack Obama means a new house, a new car, a new job, when they find out that's not what Barack Obama means, maybe then they'll see. So I hope that happens.

I hope Obama fails. Now the bill has passed the House. I hope when they implement it, that it fails. If I hope it fails beforehand, I better hope it fails afterwards to be consistent, right?”

The only way we get out this as far as i can tell starts when Geitner goes to the G20. Onlt when world banks work in close concert, can all the poison assets be finally dealt with. If we nationalize ours and Europe doesn't follow suit, we're all stuck for quite a long time. Hope to heck they can work together, but I'm not optimistic that they can get it done. Hope to God I'm wrong. That's been my point. No credit means no production. no production means no jobs. no jobs means no governmental incomes. What ever it takes to stop that domino is worth any expense short term.

I wish my real life was near as exciting as you seem to imagine. As it is, I'm just one of the flyover independents of the great mid-west. Truman was president when I was born and i've watched the politics since I went house to house for Goldwater.
Sorry if I offended.

The Obama administration announced Sunday it would keep all options on the table as it prepares to battle Republican lawmakers over a massive budget that stands to usher in historic changes in energy and health-care reform.

Peter Orszag, the director of the Office of Management and Budget, refused to rule out the possibility the Obama administration would press for the use of a questionable Senate tactic in which just 50 senators would be needed to pass the controversial changes. The comment was a clear indication the White House is expecting a bruising battle over the legislation.

By using the budget reconciliation process — a lawmaking provision that would keep the budget safe from a GOP filibuster — the budget would need only 50 votes to pass instead of the 60 traditionally needed to overcome a filibuster.

“We have to keep everything on the table. We want to get these … important things done this year,” Mr. Orszag told ABC’s George Stephanopoulos. He singled out healthcare by describing it as “the key to our fiscal future.”

But there is serious question as to whether the Obama administration’s use of the budget reconciliation process is consistent with the bill that birthed the process.

Codified in 1974, the budget reconciliation process was to be used “as a deficit-reduction tool, to force committees to produce spending cuts or tax increases called for in the budget resolution.” There is serious doubt, however, the procedural tool intended to reconcile existing tax or entitlement law with the new tax or mandatory spending targets can be used to circumvent debate on an issue of national importance.

The only way we get out this as far as i can tell starts when Geitner goes to the G20. Onlt when world banks work in close concert, can all the poison assets be finally dealt with. If we nationalize ours and Europe doesn't follow suit, we're all stuck for quite a long time. Hope to heck they can work together, but I'm not optimistic that they can get it done. Hope to God I'm wrong. That's been my point. No credit means no production. no production means no jobs. no jobs means no governmental incomes. What ever it takes to stop that domino is worth any expense short term.

I wish my real life was near as exciting as you seem to imagine. As it is, I'm just one of the flyover independents of the great mid-west. Truman was president when I was born and i've watched the politics since I went house to house for Goldwater.
Sorry if I offended.

What do you do with 13 trillion of poison assets? What do you do with Citi, BA and the rest of the banks loaded up with bad paper?

What is your plan? What do you do to prevent the Stock markets from crashing and wiping out retirement plans from here to the moon? What do you do when you dump these assets and it causes the banks to collapse?

The nice thing about blogs is you can be anyone you want. I have not labeled you yet other then one of the fear mongers who are trying to railroad us with 5 to 7 trillion dollars in more debt. The fact that you showed up in the last couple days tells me your one of Obama's marching minions sent out to calm down the blogs.

Why?

Surely you must know that the democrats do not even need the GOP's permission for this budget. They can bring it up with a simple 51 votes which they have. The GOP cannot even filibuster this budget.

So why are you here arguing for all this when its a done deal???

You worry about deficits causing inflation and ruining the future. Explain why the US has floated several trillion bucks with no spike in inflation. Any other time, foreign currencies would slaughter us. We've gotten away with it so far for the simple reason that we are the safest place to invest in the world right now.

Obama is taking the US into the reality of the world economy after this mess. In the meantime, he's investing in Education, Health care, and energy not controlled by mid-east cartels. I'll be happy to discuss the radical views of the left with you, but calling the Stimulus and Budget the excuse of a radical agenda just plain misses the mark. If you don't like his putting the best possible light on where this economy will be, get over it. Hope costs you nothing. (yes-that's intended to be snarky)

By the Way
I'm not a Democrat, nor a Leftist, nor any of your generalities.

HA HA HA HA!

Now HemmD and others are wanting to do what?

Nationalize banks, sell off toxic assets, forcing the stock markets to crash and subsequently the entire banking system in the world to most likely collapse as well because they have bad debt and a liquidity crisis.

I have been hearing over and over and over again about how FDR saved the world with his socialist policies and that this is Barak Obama's FDR time to shine. Then HemmD accuses me of Tin foil hat time. My only confusion is that I think the left actually wants a meltdown so that we can return to the socialist policies of FDR. I guess HemmD and friends want to dig ditches and live in CC camps for the next 5 years. I dont know you tell me what your thinking by spreading all this dastardly paranoia about the impending collapse of the World any minute if

Barak Obama does not save the day. Excuse me while I put on my tin foil hat.

Why? Because he is a politician. Even as doom and gloom as he has been, saying -1.2 followed by -2, -2.3, and -3 would tank the markets even worse, hurt the Democratic Party in the mid-terms, and kill is re-election possibilities in 2012.

First of all. I>>>>ME>>>>MYSELF is not, am not and are not talking about the stimulus plan. While that might be something I think is a joke, it is even by George Soros and Warren Buffet not enough and not directed enough. Most experts that mean anything think it should have been more and it should have been more directed. AS it was……no amount of spin will convince most of us who have read it that its anything more then a porkulus bill to nowhere and the springboard to socialism in this country.

Secondly I do in fact think their is a worldwide recession going on. However there are 6 billion people that need to eat, drink and consume. No one is suggesting that we not do something to fix this mess.

Thirdly my argument is not with doing something but the resulting humongous budget sent to congress which results in an almost 2 trillion dollar budget deficit.

NOW lets think about that for just a minute………….HEMMD said………..The crisis is real, it's global, and it has already bankrupt one country, Iceland. The Recession we see here is just a taste of what is happening in Europe, Asia, and any other country that has ever borrowed money internationally. If unchecked, a world wide depression is possible.

Here is two entirely different discourses going on.

ONE……..if the world is bankrupt who the hellois going to lend us 5 trillion DOLLARS????????????????………..HUH?????????????

Secondly if I go with your assumption then Barak Obama must renouce these numbers along with a board of economists at Harvard:

2009: -1.2% -1.9%
2010: +3.2% +2.1%
2011: +4.0% +2.9%
2012: +4.6% +2.9%
2013: +4.2% +2.8%

If the world is on a dangerous pathway to collapse then why is the President himself proposing a plus 3.2 percent growth in 2010 and a mere negative 1.2 percent growth this year?

See I think your party is peddling hogwash to get their agenda passed using fear mongering techniques. Ive been thru several recessions. They are no fun but they are also not the major catastrophe that you are projecting.

I

Rush Limbaugh February 13, 2009:

“I'll say it again. Not only do I want Obama to fail, I want this package to fail. I want this to blow up in their face.

I hope the stimulus bill fails. I hope it does exactly what we know it will do, blow everything to smithereens and not do one thing that has been promised. Apparently, experience is the greatest teacher, and when these poor people who think Barack Obama means a new house, a new car, a new job, when they find out that's not what Barack Obama means, maybe then they'll see. So I hope that happens.

I hope Obama fails. Now the bill has passed the House. I hope when they implement it, that it fails. If I hope it fails beforehand, I better hope it fails afterwards to be consistent, right?”

Wow, Now that will show those poorl slobs who was right!!.

I personally hope Geitner has been tap dancing until the G20 meeting convenes. Unless all the countries act together and deal jointly with poison assets at the same time, we'll never recover. Nothing we do nationally will have bite if we act unilaterally. Geitner has to date taken the flak. but he can't make the EU do anything until consensus is reached.

The crisis is real, it's global, and it has already bankrupt one country, Iceland. The Recession we see here is just a taste of what is happening in Europe, Asia, and any other country that has ever borrowed money internationally. If unchecked, a world wide depression is possible.

I don't think the usual political rhetoric does justice to the true state of affairs.